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    NGX Index Dips Intraday over Selloffs in ARADEL, GTCO

    Julius AlagbeBy Updated:No Comments1 Min Read
    NGX Index Dips Intraday over Selloffs in ARADEL, GTCO

    NGX Index Dips Intraday over Selloffs in ARADEL, GTCO

    The Nigerian Exchange (NGX) index is tracking lower during intraday trading session as investors sell down interest in Aradel and GTCO stocks, among others. The bear reign supreme in the equities market at noon as sell side actors are taking early profit amidst the third quarter earnings festival.

    At mid-day, the NGX All Share Index trended negatively, reflecting a loss of -0.28%, Alpha Morgan Capital Limited told investors.

    Stockbrokers said the negative movement is due to selling pressure of investors on some mid to high capitalized stocks.  Again, ARADEL has lost additional 9.98% of its market value as shareholders sell to provide liquidity for stocks trading.

    Also, negative price movement has plunged INTBREW share price down by 6.24% while United Capital, or UCAP, has lost 1.64%. Due to negative earnings performance, investors continue to sell Nigerian Breweries shares; the Ticker: NB is down by 0.89% and GTCO has 0.10%, among others. #NGX Index Dips Intraday over Selloffs in ARADEL, GTCO Stanbic IBTC Adds Fixed Income Asset into Securities Lending Services

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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